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Dec 31, 2012
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if the deal we're hearing about makes it out of the senate, will the house pass it? >> let's ask congressman john yarmuth. i want to ask you point blank. do you think president obama purposely slowed things down today? >> no, i don't think so at all. what i think he was trying to do was probably to try to send a signal to the democratic base that this didn't resolve the crisis that things were still in flux. that the spending portion of this dilemma, so-called sequester, is really critical to democrats. because democrats have compromised, given up an awful lot on spending programs that are important to us. if you do away with the sequester, you see what the alternative is. last week it was plan "b." it added money for defense. slashed money for education and food stamps and nutrition programs and medicaid. that is something that's great concern to democrats. >> what are they giving up on spending? >> what are we giving up on spending? well, actually, there's a $1.2 trillion on the table right now under our democrats who say let it go. let the across the board cuts ta
if the deal we're hearing about makes it out of the senate, will the house pass it? >> let's ask congressman john yarmuth. i want to ask you point blank. do you think president obama purposely slowed things down today? >> no, i don't think so at all. what i think he was trying to do was probably to try to send a signal to the democratic base that this didn't resolve the crisis that things were still in flux. that the spending portion of this dilemma, so-called sequester, is really...
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Sep 5, 2012
09/12
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do you think president obama will have to move to the center to reach that kind of achievement? >> i think what's going to happen is probably early next year, not late, next year, you will have a big fiscal deal that gets cut. with a republican house in that scenario, a direct president, it will be a centrist deal, and it has to happen because we have constraints that need to be lifted, and both sides know that. it's a little rocky before we get there but we will get there. >> so what do you think the deal looks like for the fist kal cliff, tax cuts, and spending programs. >> i think we'll still go over the cliff, and a deal gets cut in early jan. -- january. in which you kbun a more progrepr -- combine a tax cut. i think it's doable and a likely scenario. >> the congressional budget off is saying we'll see a recession in 2013 because this stuff is not being addressed. >> they're saying if you go over the cliff you will stay there. that's very different than the theory that mr. romney is putting forward. he's saying what would cause the recession in that case is spending restrai
do you think president obama will have to move to the center to reach that kind of achievement? >> i think what's going to happen is probably early next year, not late, next year, you will have a big fiscal deal that gets cut. with a republican house in that scenario, a direct president, it will be a centrist deal, and it has to happen because we have constraints that need to be lifted, and both sides know that. it's a little rocky before we get there but we will get there. >> so...
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Aug 6, 2012
08/12
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difference between obama and romney on the economy on tax rates, i think it is huge. i mean, obama is going after not only small businesses but multinational corporations. so whoever wins the election makes a big difference on the bottom line here. >> no doubt about it. thank you so much. big conversation. appreciate your time. we will see you soon. thank you. before we go, we asked whether congress should be going on vacation with the fiscal cliff unresolved. we asked and you tweeted. here are your responses. memorandum dane tweets, congress should go on vacation and never come back. despite congress will be taking a five-week vacation is no different than what they have done all year. nothing. and brian tweets, i will be easier to resolve after a nice long vacation. besides they perform better when time is running out. thanks, everybody, for tweeting in. con to send your comments. we will get them on the air. be sure to catch "squawk box" tomorrow morning. rogue constitution. that's what new york's top financial regulator is calling standard charter bank in its alle
difference between obama and romney on the economy on tax rates, i think it is huge. i mean, obama is going after not only small businesses but multinational corporations. so whoever wins the election makes a big difference on the bottom line here. >> no doubt about it. thank you so much. big conversation. appreciate your time. we will see you soon. thank you. before we go, we asked whether congress should be going on vacation with the fiscal cliff unresolved. we asked and you tweeted....
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Nov 7, 2012
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you could make this deal on the back of a napkin. 43% would kill all sorts of investments. i'd freak out about that. >> wouldn't it be nice if you could do a deal on the back of a napkin, bob? we would have seen some co compromi compromise. >> you said it before. we can all see where the outlines of a reasonable deal are. yet, it's very hard to actually get there. >> yeah, rick santelli, what's next? what do we watch for? >> well, i'll tell you what, i'd find it fascinating as we look towards germany. let's not lose sight of the market reality. our s&p is at the lowest level since the first week in august. the dax, which is up bigger than the s&p, bigger than the dow, bigger than the nasdaq, is like as a week and a half low. i think that we need to keep perspective what's going on in europe. i understand the contagion of the german economy. >> all right. we'll leave it there. thanks, guys. >>> still ahead on this wednesday edition, rising above. former chrysler and home dee toe ceo joins me to talk about what our government needs to do to avoid that looming fiscal cliff. >>
you could make this deal on the back of a napkin. 43% would kill all sorts of investments. i'd freak out about that. >> wouldn't it be nice if you could do a deal on the back of a napkin, bob? we would have seen some co compromi compromise. >> you said it before. we can all see where the outlines of a reasonable deal are. yet, it's very hard to actually get there. >> yeah, rick santelli, what's next? what do we watch for? >> well, i'll tell you what, i'd find it...
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Nov 8, 2012
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. >>> also, what if president obama and republicans fail to reach a deal on the fiscal cliff before the end of the year? we'll have a spirited debate. back after this. >>> then -- it. >> i'd gone from having $100 million two weeks only to having nothing. >> it's the stuff of movies and crime novels. white collar criminal mark drier misappropriated hundreds of millions of his clients' funds. i'll talk with a former employee who made a documentary film about him. don't miss it. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> welcome back. disney out with its latest earnings results. we get right to it all right now and break it down. julia boorstin is live with bob iger from disney headquarters in a first on cnbc interview. >> that's right, maria. earnings per share coming in line with
. >>> also, what if president obama and republicans fail to reach a deal on the fiscal cliff before the end of the year? we'll have a spirited debate. back after this. >>> then -- it. >> i'd gone from having $100 million two weeks only to having nothing. >> it's the stuff of movies and crime novels. white collar criminal mark drier misappropriated hundreds of millions of his clients' funds. i'll talk with a former employee who made a documentary film about him....
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Sep 6, 2012
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overconfident explaining boehner as he is a golf playing, great smoking country club person to make deals. he wanted to rattle the president a little into being serious. as voters prepare to listen to president obama's acceptance speech, they might want to know what difference does it make during a second term. >> are they going to be able to work together? >> bob woodward has done it again, huh? >> yes, it's possible that speaker boehner and president obama may have to work together for four more years. we have our next two guests that are both in charlotte for the democratic convention. are we talking about two men that just don't like each other, is it just the position we're in? what are we looking at here, this discourse? >> both sides really felt burnt by the deal. they both said look, the other guy moved the goal post. they thought they were close to the deal and the other one pulled the rug from underneath them. after that happened, the two really have not worked together all that closely. they have not spent much time developing a relationship, and as we know, in order to get som
overconfident explaining boehner as he is a golf playing, great smoking country club person to make deals. he wanted to rattle the president a little into being serious. as voters prepare to listen to president obama's acceptance speech, they might want to know what difference does it make during a second term. >> are they going to be able to work together? >> bob woodward has done it again, huh? >> yes, it's possible that speaker boehner and president obama may have to work...
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Dec 27, 2012
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the real condition here is will president obama make a new deal for any deal that could be gotten done. >> i just tweeted that out, you nailed, it eamon. lots of finger-pointing an complaining and sour grapes going on and very little in the way of compromise talk. thanks very much. continue to monitor the situation and get back to you, if we need to. >> in the meantime, what does all this wringling. >> and harry reid going at it with senator mcmcconnell. we'll talk to outgoing kay bailey hutchison and get her take. what is she hearing? will we get a deal or not. >> also ahead, does the tax code untearily penalize investors over borrowers. someone here says absolutely, and he warned it's going to get worse once we go over the clip. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male
the real condition here is will president obama make a new deal for any deal that could be gotten done. >> i just tweeted that out, you nailed, it eamon. lots of finger-pointing an complaining and sour grapes going on and very little in the way of compromise talk. thanks very much. continue to monitor the situation and get back to you, if we need to. >> in the meantime, what does all this wringling. >> and harry reid going at it with senator mcmcconnell. we'll talk to outgoing...
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Nov 28, 2012
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we rallied another 70 or 80 points at noon as president obama said he was trying to make a deal on the fiscal cliff by christmas. that's what the market wants to hear, they want a date. then we had a little bit of move towards the close as we heard qe-4 may be coming at the next fed meeting. that would be no surprise. we've been talking about that for a while. take a look at housing stocks. they did not participate in the rally. unusually down beat news here from the october new home sales. september revised to the downside as well. i think the problem here is the inventory of new homes is very limited right now in a lot of parts of the country. that limited the up side. retail stocks had a good day. express had positive comments as well as american eagle. >> thank you, bob. labor making its voice heard on the fiscal cliff. we're going to speak with the head of the service employees international union, seiu. they're hot on protecting social security, medicare and medicaid from any cuts in the friscal cliff negotiations. >> ceos meeting with president obama at the white house. that pow
we rallied another 70 or 80 points at noon as president obama said he was trying to make a deal on the fiscal cliff by christmas. that's what the market wants to hear, they want a date. then we had a little bit of move towards the close as we heard qe-4 may be coming at the next fed meeting. that would be no surprise. we've been talking about that for a while. take a look at housing stocks. they did not participate in the rally. unusually down beat news here from the october new home sales....
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Oct 11, 2012
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deal done because he would no longer worship the god of re-election? >> i think one thing that's missed by everybody is no matter who's elected, the math is the same. i think it's starting to don on romney there's no free lunch tax cuts. for obama, there's no free lunch from raising taxes either. they're both going to face, i think, very similar realities. as i like to say, the math is inexrabble. >> it isn't the same. the math isn't the same. i believe that if you do the right thing, you broaden the tax base, you take away the loopholes, i think that there is a nonstatic aspect. there's economic growth that can make up a difference, which is at the epicenter of that 5 trillion number. >> not just that, they both have very different attitudes about spending. >> but guys -- >> which they've highlighted. >> i think we're at a point now where we've figured out tax cuts don't pay for themselves. >> i disagree. tax cuts that last one year where you don't know what the next two, three, or four years is going to be. if we had a tax going on for a long time, i
deal done because he would no longer worship the god of re-election? >> i think one thing that's missed by everybody is no matter who's elected, the math is the same. i think it's starting to don on romney there's no free lunch tax cuts. for obama, there's no free lunch from raising taxes either. they're both going to face, i think, very similar realities. as i like to say, the math is inexrabble. >> it isn't the same. the math isn't the same. i believe that if you do the right...
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Nov 5, 2012
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you six months of time to get a real deal done when president obama is in office. >> the same with capital gains. you're expecting capital gains similar -- >> yeah, similar to that range, 20% to 22%. >> is that priced in or is that an upset to the market? >> no, it's clearly priced in. the ceo report just came out that said you need revenues. obama's at 2 1/2 to 1. romney said he's at zero. i don't know how he can fix the debt that way. but it's clear that if you have the ceos coming out saying you need to raise revenues, that's the impetus of getting taxes on the table and getting the deal done. >> and getting the deficit and debt reigned in. you've had a lot of good ideas on infrastructure bank, on job creation. first of all, i know you're on the president's council for jobs. when was the last time you guys met? >> we gave the report at year-end. then we do our summits every all over the country, which is how it was designed. we had a report with 90 suggestions, of which 60 were nonlegislative. we're working on those with ceos and people around the country. so, it was alleges known that
you six months of time to get a real deal done when president obama is in office. >> the same with capital gains. you're expecting capital gains similar -- >> yeah, similar to that range, 20% to 22%. >> is that priced in or is that an upset to the market? >> no, it's clearly priced in. the ceo report just came out that said you need revenues. obama's at 2 1/2 to 1. romney said he's at zero. i don't know how he can fix the debt that way. but it's clear that if you have...
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Oct 10, 2012
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. >> it sounds like you're dealing with the results of a country that was overleveraged. there's a lot of things to criticize president obama for. i think a lot of people would agree. in the end, leverage was dramatically high. it was going to come down. you really blame him for the fact that leverage had to contract in this country from astronomical levels? >> no, what i'm blaming him for is not doing something about the economy in the last four years, and i feel that we're on a downward spiral and the next four years under the same do-nothing administration is going to be even worse. i'm just informing my employees that an obama administration -- there's a good possibility we'll have to downsize again and that their futures might be jeopardize. >> okay. robert, you got a question? >> one of the reasons this e-mail has hit such a nerve is because people know you as the guy who built the largest home in america. you know, they know you for better or for worse as the guy with one of the biggest lifestyles that's been on the big screen recently. they have a hard time unders
. >> it sounds like you're dealing with the results of a country that was overleveraged. there's a lot of things to criticize president obama for. i think a lot of people would agree. in the end, leverage was dramatically high. it was going to come down. you really blame him for the fact that leverage had to contract in this country from astronomical levels? >> no, what i'm blaming him for is not doing something about the economy in the last four years, and i feel that we're on a...
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Mar 19, 2012
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if the image is they are promoting only one thing, that obama is too weak and we need more war, more spending, more invasion of privacy, deal with birth control pills and on and on, some of these things can hurt. but that the whole system. but if it is the debaste issues because i disagree with other candidates or spending, actually i want it cut spending, and none of the others have indicated they could cut anything. i think that's important. it doesn't help obama. it means that you have to have a debate within the republican party. i thought the republicans would want somebody that would really want it cut and be conservative and balance the budget. that of course is what my platform is all about. >> would you consider running for vice presidential nomination? >> i wouldn't run for it. i wouldn't consider that. >> well, no oning for it but would you consider a vice presidential nod. >> considering is a pretty broad term. you can consider anything that someone talks about. the likelihood is pretty any miniscule, but to consider and talk about it, a reasonable person would always be
if the image is they are promoting only one thing, that obama is too weak and we need more war, more spending, more invasion of privacy, deal with birth control pills and on and on, some of these things can hurt. but that the whole system. but if it is the debaste issues because i disagree with other candidates or spending, actually i want it cut spending, and none of the others have indicated they could cut anything. i think that's important. it doesn't help obama. it means that you have to...
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Jun 12, 2012
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but the answer that both speaker boehner and president obama agree to when they put the sequester on, is that it would force us to come together as a people and have an honorable compromise so the sequesters would go off not because we just didn't have the nerve or the will, but because we had to come together to avoid them and engage in an honorable grand compromise, and we know that will take the shape of the bo bowles simpson report. and that it has a sense of shared sacrifice to it. so when you hear the defense contractor say we're going to lay off people, i'm sure that's probably true, but the answer to that is to avoid it by us copping together and having a balanced deficit reduction plan that takes those sequesters off. not just to kick the can down the road one more time. >> absolutely and that is what everybody would like to see. we'll be watching, gene, and i think most of us are wishing you luck to come together and get things back on track. we appreciate your time today, gene, thank you so much. >> thank you. >> gene sperling live from the white house. verizon wireless has
but the answer that both speaker boehner and president obama agree to when they put the sequester on, is that it would force us to come together as a people and have an honorable compromise so the sequesters would go off not because we just didn't have the nerve or the will, but because we had to come together to avoid them and engage in an honorable grand compromise, and we know that will take the shape of the bo bowles simpson report. and that it has a sense of shared sacrifice to it. so when...
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Aug 14, 2012
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obama is going to have a hard time arguing that this is unreasonable. the other challenge is it's written down and scored by cbo. somethingstockman never had the decency to point out. he called it fantasy. they're terribly static. they call every judgment call against where free marketers would want to go, and even with that this does extremely good things for the budget. >> thank you, both, and i recommend gaifddavid's piece be either side you will be cheering or your blood will be boiling. >> you may think he's crazy. >> maybe, don't go away. >>> coming up, slap on the wrist? standard charter ceo peter sands reaches a settlement with the bank of new york, but are his dealings are iran worth only a $340 million fine? and taxing times, state pension funds are taking a beating. with little or no return to show, is it time for these funds to look beyond wall street? and more money than cents. are the kids of the mega rich out of control. we'll dispense powerful parenting advice when "closing bell" continues. >>> standard chartered reaching a deal just hou
obama is going to have a hard time arguing that this is unreasonable. the other challenge is it's written down and scored by cbo. somethingstockman never had the decency to point out. he called it fantasy. they're terribly static. they call every judgment call against where free marketers would want to go, and even with that this does extremely good things for the budget. >> thank you, both, and i recommend gaifddavid's piece be either side you will be cheering or your blood will be...
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Oct 15, 2012
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i think if president obama was saying to deal with our structural challenges we need to raise taxes on small businesses, i think he'd be much more accurate about describing his own proposals. i also agree that we wha we need is a factual debate about what's going on. i agree that cutting discretionary spending is not the only way -- is not a sufficient way to get to the -- to sustainable situation. but when you look at the tax plan of the two candidates, governor romney is suggesting a 20% reduction in the statutory tax rate for all -- all ordinary income. small businesses, smallest size and of larger sizes. >> he says won't cause any increase reduction in tax revenues. come on. let's get real here. what governor romney did well in the debate is walk away from his previous commitment to cut taxes, change it into a promise to cut rates and deductions. in the end, there's no magic here. there's got to be an increase in revenues that help solve the deficit problem and a reduction in spending. >> so, where is the reduction in spending, then? let's talk about that, richard. where do you thi
i think if president obama was saying to deal with our structural challenges we need to raise taxes on small businesses, i think he'd be much more accurate about describing his own proposals. i also agree that we wha we need is a factual debate about what's going on. i agree that cutting discretionary spending is not the only way -- is not a sufficient way to get to the -- to sustainable situation. but when you look at the tax plan of the two candidates, governor romney is suggesting a 20%...
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Sep 11, 2012
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obama's idea. a poll we've been mentioning today has the president now leading mitt romney on his dealings for the economy. i was actually very surprised at this because romney/ryan have put the economy and economic issues at the front burner. the president has the confidence. >> i think that's sort of an effect of the convention and the more favorable coverage he got for his convention than mitt romney. i think this is a neck and neck election. i really don't think the people of america really trust the president on the economy. the numbers that came out last week were catastrophic. 360,000 people leave the work roles. i mean, the only reason we were at 8.1% unemployment is not because anybody got jobs. because people quit. they just stopped working. >> they stopped looking. >> they're not going to look for jobs because it's so bad. i think that's going to come back to haunt the president, sooner rather than later. >> mr. giuliani, thank you for joining us on the program. see you soon. thanks so m
obama's idea. a poll we've been mentioning today has the president now leading mitt romney on his dealings for the economy. i was actually very surprised at this because romney/ryan have put the economy and economic issues at the front burner. the president has the confidence. >> i think that's sort of an effect of the convention and the more favorable coverage he got for his convention than mitt romney. i think this is a neck and neck election. i really don't think the people of america...
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Dec 26, 2012
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since that letter has won the election and now we're looking at the possibility of a mini deal that would get enacted before january 1st but so far all we've heard are the sounds of silence in the negotiations. a senior white house official told me today when i asked was there any holiday season progress, back channel progress over the past couple of days, got a one-word reply, no. second, the democratic senate leadership says there's a 50/50 chance that we'd get a deal between now and january 1st, but they don't have any progress signs to point to in a tangible way. that's sort of a gut feeling that that will happen, and senate republican leadership aides said we haven't heard anything from the white house or senate democrats, so right now it's looking stalemated. there still is time for people to come back and pass a temporary kick the can kind of solution that would at least get us past january 1st for a month, two months, three months, but we've got to wait and see over the next couple of days. president obama comes back tomorrow and the senate comes back late tomorrow, and then
since that letter has won the election and now we're looking at the possibility of a mini deal that would get enacted before january 1st but so far all we've heard are the sounds of silence in the negotiations. a senior white house official told me today when i asked was there any holiday season progress, back channel progress over the past couple of days, got a one-word reply, no. second, the democratic senate leadership says there's a 50/50 chance that we'd get a deal between now and january...
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Feb 9, 2012
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and 49 states on foreclosure abuses, a landmark deal. all have agreed to pay to reimburse homeowners and overhaul the industry. hud secretary shaun donovan my guest at the bottom of the hour. hope you'll join us for that. the house passing a bill banning congress and the executive branch from insider trading. yeah, just today this is happening. it now goes to a house senate conference where some lawmakers are expected to push for a provision that would require so-called political intelligence firms to register as lobbyists. we'll have the details on this controversial provision in the next half hour of the "closing bell." the fbi has released a dossier on the late apple co-founder steve jobs. those files were compiled for presidential appointment by president bush. they said he experimented with drugs while in college. they question his honesty saying jobs would twist the truth to achieve his goal. much of this is in the book that was recently published. not much enthusiasm from investors after greece's political leaders came to that agr
and 49 states on foreclosure abuses, a landmark deal. all have agreed to pay to reimburse homeowners and overhaul the industry. hud secretary shaun donovan my guest at the bottom of the hour. hope you'll join us for that. the house passing a bill banning congress and the executive branch from insider trading. yeah, just today this is happening. it now goes to a house senate conference where some lawmakers are expected to push for a provision that would require so-called political intelligence...
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Feb 17, 2012
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congress hands president obama a victory after both chambers passed a bipartisan deal today to extend the payroll tax cut, and unemployment benefits. a key part of the president's economic recovery plan, which was just released. joining me to lay out the white house blueprint for the economy, alan krueger. he joins us now for a first on cnbc interview. good to have you on the program, sir. thank you so much for joining us. >> sure, my pleasure. >> why don't you characterize where we are in the recovery right now. clearly we're seeing positive signs. what do you see as the most promising of the most recent reports? >> well, we've had positive economic growth for ten quarters in a row. given the deep hole we were in, i think it's a good sign we're coming out. we're slowly digging our way out of that deep hole. job growth has been positive for private sector employers for 23 months in a row. 3.7 million jobs have been added. and the pace has picked up the last few months, which is an encouraging sign. if you compare job growth in this recovery, to the last one, job growth came earlier. a
congress hands president obama a victory after both chambers passed a bipartisan deal today to extend the payroll tax cut, and unemployment benefits. a key part of the president's economic recovery plan, which was just released. joining me to lay out the white house blueprint for the economy, alan krueger. he joins us now for a first on cnbc interview. good to have you on the program, sir. thank you so much for joining us. >> sure, my pleasure. >> why don't you characterize where we...
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Mar 22, 2012
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. >> why do you think he's okay with the smaller project but nicks the smaller deal? >> well, i'm shocked that there is politics in an election year. they were coming from your side of the aisle because republicans in the house and senate jammed president obama to make a decision on this project when all of the data was not yet in and did that to make them look bad. if the president is playing with politics to a state and announcing how they were going to fasttrack this, which is real. it's not just politics, they are actually going to be using older studies. >> it's been studied a lot. does it need to be delayed? it's been really, really delayed by the white house. there's really no reason for it. the easiest thing for the president to do is to call his critic's bluff and approve the pipeline. there is nop point in delaying it. >> the pressure coming os given where gasoline prices are. gentlemen, we'll continue this discussion. we so appreciate you weighing in. tony and paul, we'll see you soon. we want to get to eamon javers. >> repaying the taxpayers an additional
. >> why do you think he's okay with the smaller project but nicks the smaller deal? >> well, i'm shocked that there is politics in an election year. they were coming from your side of the aisle because republicans in the house and senate jammed president obama to make a decision on this project when all of the data was not yet in and did that to make them look bad. if the president is playing with politics to a state and announcing how they were going to fasttrack this, which is...
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Apr 25, 2012
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the president asked him to stay through the end of the first term, i spoke the other day to a former obama official who said i predict the president, when he begins to negotiate with republicans, if he's re-elected over a budget deal, a new grand bargain, he may ask tim geithner to stay a while longer until that's negotiated. >> so do you think he'll stay if the president gets re-elected? do you think he'll stay for the next four years, john? >> no, i do not. this comment was about a very narrow window. >> i see. >> in which the administration might have the ability to negotiate a deal with republicans and i'm not sure that tim geithner would agree to that but this -- >> i think if the president gets re-elected, it's larry fink, that he becomes the next treasury secretary. what did tim geithner say about operating without a budget in the last three years, no budget? >> well, we didn't discuss that specifically but what democrats have said generally speaking, what the democratic chairman of the committee has mentioned is that we have made agreements on discretionary spending. that was the n
the president asked him to stay through the end of the first term, i spoke the other day to a former obama official who said i predict the president, when he begins to negotiate with republicans, if he's re-elected over a budget deal, a new grand bargain, he may ask tim geithner to stay a while longer until that's negotiated. >> so do you think he'll stay if the president gets re-elected? do you think he'll stay for the next four years, john? >> no, i do not. this comment was about...
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Dec 14, 2012
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. >> what will that deal look like? mean, obviously we are looking at probably higher taxes. we've got new taxes with the obama care legislation, the health care legislation so that's going to mean a bit of a pressure for folks. what about the employment situation as a result of cutbacks that we'll see because if we do get a deal we're going to see spending cuts. >> well, if you are going to reduce our budget deficit, you have to raise more revenues and you have to cut your spending, and you can't pretend that entitlements don't exist because even if -- if you look at the cbo projections for us going off the cliff and having this sequester as it is now, we still never get the budget into balance. in fact, the best thing that happens is that revenues get to 20% of gdp and spending goats 22% of gdp and then starts rising thereforise rising thereafter. you have to address the spending or else we won't have a long-term deal. >> lindsey, what do you think of the market deal or no deal? >> if we go over the deal no doubt we fall into recession and the question is how deep. it's ver
. >> what will that deal look like? mean, obviously we are looking at probably higher taxes. we've got new taxes with the obama care legislation, the health care legislation so that's going to mean a bit of a pressure for folks. what about the employment situation as a result of cutbacks that we'll see because if we do get a deal we're going to see spending cuts. >> well, if you are going to reduce our budget deficit, you have to raise more revenues and you have to cut your...
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Jun 5, 2012
06/12
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given the fiscal crisis we have to deal with over the long term. i also think he made a very important point in terms of sequencing. that is, what we do need to do in this country is do both that. is, over the long term get the budget deficit under control and in the short term not embrace fisc fiscal austerity. that's the wrong sequence. the right sequence is to do it in a slightly different order. >> go ahead, sarah. >> what struck me is how much of a republican president clinton talked about. the need for spending restraint and i think if you talk about sequencing, what will harm this economy is by raising taxes now and particularly raising them on the job creators in this country which will hurt our economic growth and have fewer people back in the workforce. >> it's interesting. robert, you say, look, don't extend the cuts for everybody. somethings that to live, right? keep fighting until the election? that's leaving the economy and markets in the balance. >> i wish there was a possibility of agreement but there subject team to be. they are as
given the fiscal crisis we have to deal with over the long term. i also think he made a very important point in terms of sequencing. that is, what we do need to do in this country is do both that. is, over the long term get the budget deficit under control and in the short term not embrace fisc fiscal austerity. that's the wrong sequence. the right sequence is to do it in a slightly different order. >> go ahead, sarah. >> what struck me is how much of a republican president clinton...
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Jul 10, 2012
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is there any i told you so here as you look at governor romney and some of the issues he has been dealing with that you were talking about in the debating, squaring romney care and obama care and what you called vulture capitalism. is there any part of you that says this is what we were talking about? >> the choice between barack obama and mitt romney is about as stark as you can get. and that's the choice americans have to make. if you want something that wants to force your state to go into government run washington centric exchanges, expand the cost of government, then vote for barack obama. if you want someone with a business background that says he will repeal obama care, he will need to vote for perform. ly support him in every way they can because he will get the country back on track. what we do here in the state of texas, has worked loyally with me, we both understand there is a clear resolve of having low taxation, a fair and predictable regulation, and a legal system that does not allow for oversuing. another level, if you will, of protection for the businessmen and women in th
is there any i told you so here as you look at governor romney and some of the issues he has been dealing with that you were talking about in the debating, squaring romney care and obama care and what you called vulture capitalism. is there any part of you that says this is what we were talking about? >> the choice between barack obama and mitt romney is about as stark as you can get. and that's the choice americans have to make. if you want something that wants to force your state to go...
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Jul 30, 2012
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campaign contributors to president obama. gone through normal bankruptcy procedures. >> here's the question we are asking right now, diana. with the -- departure of joel, he seems to be the scapegoat in all of this. >> i do agree. i think he is -- >> scapegoated? >> i agree he is being scapegoated. there is nothing wrong with advertising with manchester united. soccer is one of the largest sports in the world and good to have that chevrolet name out there. >> manchester united -- >> how much of a say should the government still have in this like how gmal indicates its marketing campaigns? >> very little to zero. we made a very conscious decision back then to let the company manage themselves and i think that's the right way to go. >> i agree with that. >> we have a -- we have a fundamental disagreement on a different point. back when these companies, gm and chrysler, were facing certain liquidation, you suggested private capital was there. >> i suggested they go into bankruptcy and lower their costs, $73 -- >> one at a time,
campaign contributors to president obama. gone through normal bankruptcy procedures. >> here's the question we are asking right now, diana. with the -- departure of joel, he seems to be the scapegoat in all of this. >> i do agree. i think he is -- >> scapegoated? >> i agree he is being scapegoated. there is nothing wrong with advertising with manchester united. soccer is one of the largest sports in the world and good to have that chevrolet name out there. >>...
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Mar 15, 2012
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the obama administration denying a report that it reached a deal with the uk to release strategic oil reserves. >> it is inaccurate. as was reported today, that any kind of agreement was reached on a course of action, or that any kind of timetable associated with a course of action was agreed to. those reports are wrong. they're false. >> look at this interday chart of crude oil. the incredible volatility. that denial drove light sweet crude off of the session lows. west texas crude lower by about 6 cents. gold calling back some of the 3% declines. the recent string of down days pushes some investors back to the precious metals. gold settling up 1% at $1659 a troy ounce. and four square is celebrating its third anniversary this month. it's hoping to expand its 15 million user base through facebook and other business collaborations. when will one of the more popular social networking sites go down the ipo road? what's going to fuel the future? >> i'm sure he's never heard that question before. we just checked on the iphones and saw there is a spot for post 9. dennis crowley ceo of four
the obama administration denying a report that it reached a deal with the uk to release strategic oil reserves. >> it is inaccurate. as was reported today, that any kind of agreement was reached on a course of action, or that any kind of timetable associated with a course of action was agreed to. those reports are wrong. they're false. >> look at this interday chart of crude oil. the incredible volatility. that denial drove light sweet crude off of the session lows. west texas crude...
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Oct 3, 2012
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president obama has been unable to bring people together. instead many believe he has created more divisiveness and class warfare. success and failures and leadership can be seen clearly and quickly. the board of hewlett-packard along with management has been setting the course for this once global leader in business. the leadership has bee mixed. the board hired and fired in just a short amount of years. where is the accountability now that we are watching a 50% market value loss i hewlett-packard. larry ellison who has led oracle has inspired confidence and leadership. this is what oracle ceo told me yesterday about leadership citing apple with steve jobs and hp. >> i have great respect for that company and tim cook. i will say it again. steve is irreplaceable. we have all lost something. he was our edison. he was our picasso. there is no one like him. apple will thrive but not like when steve was around. look what mark did when he was at hp. people forget how much trouble hp was in when he took over and what a spectacular job he did. it i
president obama has been unable to bring people together. instead many believe he has created more divisiveness and class warfare. success and failures and leadership can be seen clearly and quickly. the board of hewlett-packard along with management has been setting the course for this once global leader in business. the leadership has bee mixed. the board hired and fired in just a short amount of years. where is the accountability now that we are watching a 50% market value loss i...
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Mar 20, 2012
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voters and president obama's home state of illinois are heading and taking action. john harwood in chicago with the very latest on the illinois primary. john, over to you. >> reporter: maria, there are two different arguments going on in this republican primary. one is about delegate math and the other is momentum. rick santorum is taking to arguing late in this illinois campaign that he's got more delegates than he's been credited with. he shows himself over 300. nbc and other organizations show much less but he also needs help in the momentum argument. look at the polls here late in illinois. mitt romney moving out to a ten-point lead over rick santorum are. and only having a four-point lead in louisiana. it's a southern state and he ought to do very well. if mitt romney is able to hold off rick santorum, he could get a burst going into louisiana and begin to wrap up this nomination, maria, and he's gotten a late boost at the end from a misstatement by rick santorum saying he didn't care about unemployment but allowed him to pivot to his core economic message. sig
voters and president obama's home state of illinois are heading and taking action. john harwood in chicago with the very latest on the illinois primary. john, over to you. >> reporter: maria, there are two different arguments going on in this republican primary. one is about delegate math and the other is momentum. rick santorum is taking to arguing late in this illinois campaign that he's got more delegates than he's been credited with. he shows himself over 300. nbc and other...